Rally On Australia
Surging oil prices continue to lift global investor sentiment and risk appetites. Australian shares are set to rise again today, adding to the 6.5% gain over the last two weeks. European shares rose, US indices climbed the wall of worry, and iron ore, aluminium and copper tracked higher still.
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}
Please type the 5 digit verification code sent to {{user.DayPhone}}
We cannot send you a code via SMS to {{user.DayPhone}}
Verify your mobile number
{{ content.trialHeading.replace('{0}', user.FirstName) }}
Please enter your mobile number and press send to receive a text message with a verification code.
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Already a member? Log in
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Eureka Report 15-day free trial
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
Surging oil prices continue to lift global investor sentiment and risk appetites. Australian shares are set to rise again today, adding to the 6.5% gain over the last two weeks. European shares rose, US indices climbed the wall of worry, and iron ore, aluminium and copper tracked higher still.
US investors are buying with gritted teeth. Despite concerns about the proximity of all-time highs better than expected house sales and strong company reporting drove gains. Thirty of thirty-two companies that reported overnight beat forecasts, confounding the bears and forcing more money to work in the market.
The strength in commodity markets is all the more impressive given recent price rises and a resurgent USD overnight. Quarterly production reports from Rio and BHP, and revenue reports from Woodside and Oilsearch, confirmed the big picture story of cost cutting and operational efficiency in a lower price environment. These factors should ensure another strong day for the Energy and Materials sectors.
The x-factor in trading today is banks. Sold off yesterday after news of higher compliance costs, a cool evaluation of the regulatory changes may see investors conclude the costs are immaterial, and prompt a reversal of yesterday’s weakness.
